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Tag Archives: for-profit health care
#ThanksObamacare for ineffective authoritarian health plan rate review
Progress Now and the Colorado Consumer Health Initiative “thank Obamacare” for allowing “states to require insurance companies to justify premium increases. But data on insurance premiums does not show that these controls lower premiums. Yet, they do violate our rights to free-trade & have potential harmful consequences. Continue reading
Posted in regulation
Tagged for-profit health care, insurance price controls, rate review, Thanks Obamacare
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How politicians destroy entreneurship & beneficial profit-seeking
“[Y]ou can almost guarantee there will be no entrepreneurship if you do two things: (a) eliminate all possibility of getting rich, and (b) make it impossible to change anything without the approval of an intractable bureaucracy” Continue reading
Medicare Loses Nearly 4 Times as Much Money as Health Insurers Make
Next time someone decries insurance company profits, remind him that fraud and waste in Medicare and Medicaid far exceed these dollar amounts. Check out Jeffrey Anderson’s article in the Weekly Standard: “Medicare Loses Nearly Four Times as Much Money as Health Insurers Make.” See also my previous post: “Medicare & Medicaid fraud far exceeds insurance company profits.” Continue reading
Posted in Medicaid/Medicare/SCHIP, PPC
Tagged for-profit health care, Medicare, Medicare fraud, Medicare waste
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Why to condemn insurance companies
Is the for-profit insurance industry a “predator” that “prevent[s] us from having a decent health care system”? Letter writer Bruce Robinson says so (Daily Camera, December 1). He’s partially right. The real predators are politicians who inhibit needed health policy … Continue reading
Medicare & Medicaid fraud far exceeds insurance company profits
A wonderful post by John Goodman: Competition from a “Public Plan”: What to Expect 60 Minutes: Medicare fraud is $60 billion a year YouTube versions w/o commercials: Part 1, Part 2. GAO: Medicaid fraud was $33 billion in 2007 alone … Continue reading
Want health care like the U.S. Postal Service?
Just in case that sounds appearling, William Shughart II of the Independent Institute (CA) makes some good points in a recent op-ed in the Minneapolis Star Tribune. An excerpt: When President Obama told the people attending a town hall meeting … Continue reading
Non-profit health insurance already dominates market
John Lott makes excellent points (emphasis added): Given all the attacks on profit-making insurance companies, what is possibly more surprising is that by far the dominant players in the “full” insurance market are non-profits. Indeed, one of the motives of … Continue reading
Response to Denver Post: Medicaid and Medicare are not insurance
Linda Gorman does a great job pointing out the misconceptions in a Denver Post news article: “Patients on Medicare or Medicaid do not have insurance. They have government provided health care.” “[S]ince when is it a “major flaw” in the … Continue reading
Gov’t health care’s threat to innovation
With the so-called “stimulus package” threatening to expand government control over health care even more, Grace Marie Turner reminds us of the kind of private-sector innovations in health care and insurance aimed to please customers: Spurred on by competitive pressures, … Continue reading
Where does your health insurance dollar go?
How much profit do they make? According to a recent study by PricewaterhouseCoopers, just 3 cents on the dollar. This is pretty small compared to those in other industries. The profits would be less if there were more competition. That … Continue reading
Posted in insurance, tax code, HSAs, myths & fallacies
Tagged for-profit health care, regulation
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